Beacon Investment Advisory Services Inc. Raises Position in Jefferies Financial Group Inc. (NYSE:JEF)

Beacon Investment Advisory Services Inc. raised its holdings in shares of Jefferies Financial Group Inc. (NYSE:JEF) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,445 shares of the financial services provider’s stock after buying an additional 3,518 shares during the period. Beacon Investment Advisory Services Inc. owned about 0.08% of Jefferies Financial Group worth $10,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Jefferies Financial Group during the 3rd quarter worth approximately $1,424,000. Point72 Hong Kong Ltd bought a new stake in Jefferies Financial Group during the 3rd quarter valued at $3,498,000. Verition Fund Management LLC increased its position in shares of Jefferies Financial Group by 530.5% in the third quarter. Verition Fund Management LLC now owns 36,950 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 31,090 shares during the period. Capstone Investment Advisors LLC purchased a new position in Jefferies Financial Group during the 3rd quarter valued at about $245,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Jefferies Financial Group by 47.6% during the third quarter. Rockefeller Capital Management L.P. now owns 38,555 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 12,441 shares in the last quarter. 60.88% of the stock is owned by institutional investors.

Insider Activity at Jefferies Financial Group

In related news, Director Mitsui Financial Grou Sumitomo bought 9,247,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $59.67 per share, with a total value of $551,773,323.27. Following the acquisition, the director now owns 9,247,081 shares in the company, valued at $551,773,323.27. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard B. Handler sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $72.26, for a total value of $28,904,000.00. Following the completion of the transaction, the chief executive officer now directly owns 14,971,288 shares in the company, valued at $1,081,825,270.88. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,286,923 shares of company stock worth $88,999,151. 20.40% of the stock is owned by insiders.

Jefferies Financial Group Stock Up 0.3 %

JEF stock opened at $79.14 on Monday. The firm has a market cap of $16.26 billion, a PE ratio of 33.82 and a beta of 1.31. The business has a 50 day moving average of $68.06 and a 200 day moving average of $57.99. Jefferies Financial Group Inc. has a twelve month low of $35.05 and a twelve month high of $80.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.53.

Jefferies Financial Group (NYSE:JEF) last issued its earnings results on Wednesday, September 25th. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.03). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Jefferies Financial Group had a net margin of 9.27% and a return on equity of 6.40%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, research analysts forecast that Jefferies Financial Group Inc. will post 3.13 EPS for the current fiscal year.

Jefferies Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. Jefferies Financial Group’s dividend payout ratio is presently 59.83%.

Wall Street Analyst Weigh In

JEF has been the subject of several research analyst reports. UBS Group began coverage on shares of Jefferies Financial Group in a research report on Tuesday, September 17th. They issued a “buy” rating and a $67.00 target price for the company. Morgan Stanley raised their price objective on shares of Jefferies Financial Group from $59.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Finally, Oppenheimer upped their target price on Jefferies Financial Group from $73.00 to $83.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

About Jefferies Financial Group

Jefferies Financial Group Inc operates as an investment banking and capital markets firm in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Investment Banking and Capital Markets, and Asset Management. It provides investment banking, advisory services with respect to mergers or acquisitions, debt financing, restructurings or recapitalizations, and private capital advisory transactions; underwriting and placement services related to corporate debt, municipal bonds, mortgage-backed and asset-backed securities, equity and equity-linked securities, and loan syndication services; and corporate lending services.